Exports up 19.37% to $38.13 billion in November
The trade deficit in November stood at $24.53 billion. File. | Photo Credit: Reuters India’s…
Gold prices drop as firmer US Treasury yields, Fed rate outlook weigh
US gold futures for August delivery lost 1.1% to $3,992.70 on Wednesday. Gold prices fell on Wednesday after hitting a seven-month low in the previous session, pressured by higher Treasury yields, while fading prospects of a permanent US-Iran peace deal kept concerns over inflation and Federal Reserve rate hikes elevated. Spot gold was down 0.7…
Silver rebounds to ₹2.26 lakh/kg after early drop as global prices recover
Silver futures reversed early losses to climb nearly 2 per cent higher at ₹2.26 lakh per kilogram on Tuesday amid firm trends in the international markets. The white metal for September delivery climbed by Rs 3,693, or nearly 2 per cent, to Rs 2,26,327 per kilogram after opening lower on the Multi Commodity Exchange. Analysts…
Gold futures rise to ₹1.42 lakh/10g after early losses
Investors anticipate the possibility of three interest rate hikes this year by the US Fed | Photo Credit: scanrail Gold futures recovered from early losses to trade higher at ₹1.42 lakh per 10 grams on Tuesday as traders reassessed the US Federal Reserve’s interest rate outlook amid lingering geopolitical tensions and volatile crude oil prices….
Gold set for biggest quarterly fall since 2013 on hawkish Fed stance
Gold prices were set on Tuesday for their biggest quarterly drop since April 2013, as uncertainty in the Middle East gave way to expectations of U.S. rate hikes to tame elevated inflation. Spot gold inched 0.2 per cent higher to $4,026.17 per ounce by 0732 GMT, but has shed 11.2 per cent so far in…
Gold faces biggest monthly drop since late 2008 on hawkish Fed stance
Gold prices slipped more than 1% on Tuesday and were on track for their biggest monthly decline since October 2008, as uncertainty in the Middle East gave way to expectations of U.S. interest rate hikes to tame elevated inflation. Spot gold was down 1% at $3,975.04 per ounce, as of 0420 GMT, shedding 12.4% so…
Gold breaks 3-day falling streak, rises ₹1,300; silver drops ₹2,000
In the international markets, spot gold fell by $54.14, or 1.32%, to $4,035.12 per ounce, and silver declined nearly 3% to $57.62 per ounce. Snapping the three-day falling streak, gold prices rebounded by ₹1,300 to ₹1.46 lakh per 10 grams in the national capital on Monday on value buying by traders. According to the All…
Exits from gold ETFs last week surged to year’s highest
Gold holdings in ETFs declined to 4,048.1 tonnes last week from 4,086.4 tonnes a week ago | Photo Credit: bl-online Administrator Investors’ exits from physically backed gold exchange-traded funds (ETFs) last week were the largest yet this year as gold declined by over three per cent to near $4,000 an ounce, data from the World…
Gold futures drop to ₹1,43,380/10g
Gold prices on Monday dropped ₹782 to ₹1,43,380 per 10 grams in futures trade amid a fall in spot demand. On the Multi Commodity Exchange, yellow metal contracts for August delivery traded lower by ₹782, or 0.54 per cent, at ₹1,43,380 per 10 grams in a business turnover of 1,592 lots. Analysts attributed the fall…
Silver futures decline to ₹2.22 lakh/kg
Silver bars sitting on blue graph. Selective focus. Horizontal composition with copy space. Stock market and finance concept. istock photo for BL | Photo Credit: MicroStockHub Silver prices on Monday fell by ₹746 to ₹2,22,726 per kilogram as participants reduced their bets. On the Multi Commodity Exchange, silver contracts for September delivery declined by ₹746,…
Gold slips as fresh US-Iran strikes boost oil, Fed rate-hike bets weigh
Gold prices eased on Monday as recent US-Iran strikes in the Gulf pushed oil prices higher, while expectations of US Federal Reserve interest rate hikes further weighed on the non-yielding metal. Spot gold was down 0.7 per cent at $4,061.35 per ounce, as of 0242 GMT. US gold futures for August delivery lost 0.5 per…
